Tesla Motors Inc (TSLA) Getting Smoked in the U.S by Subaru


Tesla Motors Inc (NASDAQ:TSLA) may be the darling of the stock world at the moment, but as TheStreet pointed out today as the lead-in to their review of Subaru’s new hybrid vehicle, the XV Crosstrek, the penthouse of the automaker stock world is Subaru’s doormat when it comes to sales in the real one; even in the U.S.

tesla motors

For the first half of this year, Subaru’s sales in the U.S are up an impressive 16%, and in July alone, the Japanese automaker sold more than 45,000 vehicles in the U.S, up 27% from their July, 2013 sales figures. Furthermore, Subaru anticipates selling 70,000 of their new Crosstrek XV hybrids in the U.S from now until the end of the year.

Tesla Motors Inc (NASDAQ:TSLA) on the other hand has actually seen their sales drop 26% in the U.S in the first half of 2014, despite the company aiming for an increase in deliveries this year to more than 35,000 from last year’s approximately 22,500. Even that 35,000 figure would be far less vehicles than Subaru sold just in July alone in the U.S.

Of course, the argument against Tesla Motors Inc (NASDAQ:TSLA) in the piece is also somewhat misleading, as Tesla Motors Inc (NASDAQ:TSLA) is churning out and selling cars at about its current maximum capacity, despite the discrepancy of U.S sales being down in light of increasing deliveries. Realistically, it’s not going to be outselling the average carmaker at the moment, and current production or sales are certainly not what is driving Tesla Motors Inc (NASDAQ:TSLA)’s valuation.

Still, it’s an interesting comparison between two companies and how they’re perceived in the financial world in spite of their vastly different results. Tesla currently has a stock priced at $253 and a market cap of $31.62 billion, while Subaru’s stock sits at just JPY382 ($3.72) with a market cap of JPY10.14 billion ($98.6 million) as of Tuesday’s close on the Tokyo Stock Exchange.

Disclosure: none

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